Cheapest Health Insurance in The United States 2022

Are you looking for cheap health insurance in the United States? For many, it can be difficult to access low-cost health insurance such as those offered by government health plans.

Among the cheapest health insurance plans in the United States, the cheapest is the federal Medicaid program and the children’s health insurance program.

However, eligibility to be accepted into Medicaid depends on the state you live in and how much monthly income you receive.

On the other hand, if you are not eligible, the alternative is to resort to the health insurance market in the United States. Keep reading!

Cheap Health Insurance in The United States

The cost of health insurance in the United States is $495 per month on average, however, it must be taken into account that the rates vary based on various factors such as:

  • The ubication.
  • The type of network the health plan uses.
  • Age.
  • Smoking or non-smoking habits.
  • The number of people insured.

Taking into account each of these factors that we have mentioned before is when the need arises to investigate what best suits your needs. 

Let’s see below the health insurance plan in the US  with its prices:

1. Medicaid and Children’s Health Insurance Program

We have already mentioned in the first lines of this article that this option is the health insurance plan in the United States with the lowest cost, but also the ideal option for low-income individuals or families.

The reason:

Your medical coverage plan is usually practically free or very low cost.

Advantages of the Medicaid health plan

  • Free or very low-cost medical protection.
  • Includes mandatory health care benefits.

Disadvantages of the Medicaid health plan

  • Not everyone is eligible.
  • Coverage limitations force you to pay for treatment or forgo treatment.
  • Limited in choices of health care providers.
  • Sometimes there is not the best deal for older people.

2. Bronze Metal Health Insurance

The first option for individuals looking for cheap health insurance in the United States is the Metal Bronze plan

Cheapest Health Insurance in The United States 2022: Rean Times

Let’s see in the following table the annual rates for people over 40 by state:

State In USAnnual premium of the bronze metal health plan
Alabama$4,812
Alaska$5,220
Arizona$4,104
Arkansas$3,864
California$3,876
Colorado$3,276
Connecticut$4,416
Delaware$4,800
Florida$4,044
Georgia$4,068
Hawaii$4,176
Idaho$3,768
Illinois$3,960
Indiana$4,044
Iowa$3,996
Kansas$3,732
Kentucky$4,476
Louisiana$4,104
Maine$4,920
Maryland$4,176
Massachusetts$2,664
Michigan$3,324
Minnesota$360
Mississippi$3,012
Missouri$4,884
Mountain$4,164
Nebraska$3,960
Snowfall$5,268
New Hampshire$3,360
New Jersey$2,964
new Mexico$3,828
New York$2,832
North Carolina$5,160
North Dakota$4,200
Ohio$3,276
Oklahoma3,360
Oregon4,404
Pennsylvania3,816
Rhode Island3,672
South Carolina2,772
South Dakota3,936
Tennessee5,448
Texas4,080
Utah3,612
Vermont3,420
Virginia5,892
Washington D.C.4,296
Washington3,360
West Virginia7,152
Wisconsin4,056
Wyoming6,228

Although it may have quite low premiums, you should keep in mind that when you buy medicines, this plan will not be the one that covers you for those additional expenses for your health.

Cheapest Health Insurance in The United States 2022: Rean Times

Advantages of the Bronze metal plan

  • Low premiums.

Disadvantages of the Bronze metal plan

  • It does not cover high medical expenses.

3. Silver Metal Health Insurance

Another affordable health plan for low-income families is the silver metal plan. 

Here’s a look at your yearly premiums by state:

State In USAnnual Premium of the silver metal health plan
Alabama$6,588
Alaska$8,076
Arizona$5,016
Arkansas$4,644
California$4,800
Colorado$4,152
Connecticut$6,276
Delaware$6,264
Florida$4,608
Georgia$5,364
Hawaii$5,316
Idaho$5,604
Illinois$5,904
Indiana$4,980
Iowa$4,800
Kansas$5,772
Kentucky$5,640
Louisiana$5,460
Maine$6,024
Maryland$5,220
Massachusetts$4,104
Michigan$4,236
Minnesota$4,080
Mississippi$3,540
Missouri$5,496
Mountain$5,604
Nebraska$5,340
Snowfall$7,740
New Hampshire$4,596
New Jersey$3,900
new Mexico$4,656
New York$3,936
North Carolina$7,056
North Dakota$6,036
Ohio$5,568
Oklahoma$4,320
Oregon$6,048
Pennsylvania$5,112
Rhode Island$5,268
South Carolina$3,936
South Dakota$5,628
Tennessee$7,308
Texas$5,448
Utah$5,040
Vermont$5,604
Virginia$7,992
Washington D.C.$5,640
Washington$4,560
West Virginia$7,620
Wisconsin$5,316
Wyoming$9,420

In the previous table, you can see that there is a higher premium compared to the bronze metal plan, however, you can be sure of enjoying a reduction in shared costs.

Advantages of the Metal Silver plan

  • Deductible reduction.
  • Reduction in premium rates.
  • Reduction in out-of-pocket expenses.

Disadvantages of the metal Silver plan

  • Eligible only households with an income level below 250% of the federal poverty level.

4. Gold Metal Health Insurance

If you want to obtain the lowest deductibles and medical expenses, then among the medical insurances in the United States, your choice should be the gold metal plan.

Cheapest Health Insurance in The United States 2022: Rean Times

We could say that it would be the most economical medical coverage plan for the term or term of the plan itself. Let’s look at some numbers below:

State In USAnnual premium of the gold metal health plan
Alabama$8,028
Alaska$7,296
Arizona$6,636
Arkansas$5,988
California$5,328
Colorado$4,596
Connecticut$5,868
Delaware$6,204
Florida$5,172
Georgia$5,868
Hawaii$5,556
Idaho$5,280
Illinois$6,312
Indiana$5,736
Iowa$7,104
Kansas$5,316
Kentucky$6,012
Louisiana$6,948
Maine$7,368
Maryland$5,928
Massachusetts$3,924
Michigan$5,028
Minnesota$4,440
Mississippi$4,344
Missouri$6,516
Mountain$6,360
Nebraska$5,796
Snowfall$7,572
New Hampshire$5,664
New Jersey$4,356
new Mexico$7,932
New York$3,888
North Carolina$8,508
North Dakota$6,216
Ohio$5,184
Oklahoma$5,136
Oregon$6,024
Pennsylvania$5,496
Rhode Island$5,124
South Carolina$4,068
South Dakota$6156
Tennessee$7,824
Texas$6,768
Utah$5,148
Vermont$5,796
Virginia$8,088
Washington D.C.$5,568
Washington$5,064
West Virginia$9,900
Wisconsin$5,760
Wyoming$7,740

We can see how in the previous table, the rates of the gold metal plan are significantly higher than those of the bronze and silver plan, however, if you know that high medical bills frequently await you, you can be sure that this plan will cover a great amount.

Advantages of the Gold metal plan

  • Totally low deductibles.

Disadvantages of the Gold metal plan

  • Not available in all states.
  • High premiums.

5. Platinum Health Insurance

This would be the last and best option in case you have to face high medical bills in the future.

It is ideal for families with a certain purchasing power since its premiums are usually expensive, but there will be times when your deductible can be $0, which helps protect your pocket.

Advantages of the Platinum metal plan

  • Totally low deductibles.

Disadvantages of the Platinum metal plan

  • Not available in all states.
  • High premiums.

Types of Cheap Health Insurance United States (According To its Actuarial Value)

The types of medical insurance are usually divided into 4 different categories that are determined by what is known as ” Actuarial Value “.

That is, depending on the type of metal plan chosen, there will be a percentage that the medical insurer is responsible for paying with respect to the amount that represents the total amount for the benefits covered by the plan. 

Let’s see below in more detail the amounts of coverage and deductible of each metal plan in the following table according to the healthcare.gov portal :

CategoryCoverage PercentageDeductible percentage
Bronze60%40%
Silver70%30%
Prayed80%twenty%
Platinum90%10%

Medical Insurance Average Prices By State in The USA

In the following table we show how much health insurance costs in the United States per year for the lowest rates by state:

State In USNumber of CarriersAnnual cost
Alabama1$1,164
Alaska1$1,416
Arizona5$1,104
Arkansas2$1,020
California8$2,244
Colorado6$996
Connecticut2$1,728
Delaware1$1,188
Florida5$1,368
Georgia4$1,164
Hawaii1$1,008
Idaho4$888
Illinois4$1,224
Indiana1$1,020
Iowa1$1,056
Kansas3$1,308
Kentucky1$1,128
Louisiana1$1,572
Maine1$1,116
Maryland2$948
Massachusetts2$4,656
Michigan5$1,044
Minnesota4$876
Mississippi2$1,260
Missouri5$972
Mountain2$1,032
Nebraska2$996
Snowfall2$1,332
New Hampshire3$4,572
New Jersey3$4,464
new Mexico4$1,740
New York2$2,052
North Carolina3$1,020
North Dakota2$1,152
Ohio8$960
Oklahoma3$1,092
Oregon5$1,248
Pennsylvania4$1,248
Rhode IslandN/AN/A
South Carolina5$1,068
South Dakota1$1,068
Tennessee5$840
Texas5$1,500
Utah4$768
VermontN/AN/A
Virginia6$1,212
Washington D.C.1$1,404
Washington6$3,468
West Virginia1$1,428
Wisconsin7$1,188
Wyoming2$804

Conclusion:

If you plan to choose any of the types of medical insurance in the United States, you should consider how much your medical bills will be, since sometimes the plan with the lowest premium may turn out to be the most expensive in the long run. term for additional expenses. 

Frequent Questions:

What is Actuarial Value?

The actuarial value refers to the percentage of the total cost that is covered by the insurance company.

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